Lyxor Asset Management, which is owned by Societe Generale, is expanding in the UK with a managed credit offering and plans to recruit ten more people to support it.
The firm has appointed Pierre Gil as CEO of Lyxor UK, who will report to Lyxor’s CEO Inès de Dinechin and locally to Ian Fisher, the UK chief country officer for Societe Generale Group.
Egret Management, which is the debt fund management business of Societe Generale, is joining Lyxor and has changed its name to Lyxor Asset Management UK LLP. The funds under management will continue to be managed by the same team, who will be integrated into Lyxor’s investment management division and will continue to be headed by Thierry de Vergnes.
Lyxor will recruit ten additional asset management professionals in London.
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